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The forking of the Indian rupee

This post is about the dismantling of the rupee-zone between 1947-49, an historical event that is especially topical in light of two modern ...

Remember when shadow banks regularly outcompeted stodgy banks because they could evade onerous regulatory requirements? Not any more. In neg...

This 2 euro coin is issued by Monaco, which is not a member of the Eurozone Grexit isn't what people take it to be. The standard narrati...

Unfathomable Depths by Ibai Acevedo Denmark's Nationalbank and the Swiss National Bank are the world's most interesting central ban...

Central bankers are usually classified as either hawks or doves. This post is devoted to a third and rare breed; today's monetary policy...

The upcoming Greek election has renewed interest in the idea of Grexit. This option is often presented to the Greek public as desirable give...

Having reduced the ECB's overnight target rate to +0.05% and the deposit rate to -0.2%, Mario Draghi confidently told those assembled at...

One of this blog's most recurrently popular posts is a 2012 ditty entitled the Idiot's Guide to the Federal Reserve Interdistrict Se...